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Chinese banks’ bad loans are improving, but everything else is getting worse

Chinese banks’ bad loans are improving, but everything else is getting worse   “Asset quality is improving, but this is the one and only improvement in Chinese banks’ situation,” Alicia Garcia Herrero, chief economist Asia-Pacific at Natixis, said at the launch of the investment bank’s “China banking monitor”. Garcia Herrero …

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China-backed buyer seeks loans to fund HK$40.2b purchase of Li Ka-shing’s The Center tower

China-backed buyer seeks loans to fund HK$40.2b purchase of Li Ka-shing’s The Center tower   The China-backed buyer of a Hong Kong skyscraper from billionaire Li Ka-shing for a record HK$40.2 billion (US$5.14 billion) is seeking to borrow as much as 90 per cent to fund the deal, according to …

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Baidu pulls virtual girlfriend from VR product after sexism concerns

Baidu pulls virtual girlfriend from VR product after sexism concerns iQiyi unit of Baidu issues apology and pulls female virtual digital assistant function from its virtual reality headset   Baidu, one of China’s biggest technology companies, has pulled a female digital assistant from its virtual reality (VR) headset after a …

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Ex-Baidu and Google scientist will work with Foxconn to bring artificial intelligence to factories

Ex-Baidu and Google scientist will work with Foxconn to bring artificial intelligence to factories Andrew Ng says in talks with iPhone and iPad assembler since July but doesn’t reveal details of tie-up   Andrew Ng, former chief scientist at Baidu and leader of the Google Brain deep-learning project, on Thursday …

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